Carrying large amounts of cash while shopping or traveling is both inconvenient and risky as it can be stolen. While credit cards may be useful, not everyone is eligible for credit cards, as the credit card issuer check the credit record and rating of the customer before issuing a credit card. Many customers using credit cards tend to overspend, and end up using a large part of income to service the debt.
By using a prepaid debit card like Mcashcard, a user can combine the convenience of plastic money with the advantages of using cash. A Mcash card can be purchased online or offline without any credit history either by paying cash, ACH or other convenient payment method. An Mcash card has an initial activation fee of $9.99 and a loading fee depending on the type of card and the method used to load cash. Users can transfer funds to another Mcash card holder free.
There are three types of mcash available which can selected dependence on the budget. These are an impersonal one time use Mcash card with a maximum load of $500, an impersonal re loadable Mcash debit card with a maximum load and balance of $2500 and a personalized re loadable Mcash card with a maximum balance of $10000 and maximum balance of $2500. No documents are required for a one time use card, but social security number and other information is needed for purchasing a re loadable Mcash prepaid Mastercard.